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First payment after pension assignment made twice faster

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First payment after pension assignment made twice faster

Russians who retire this year will receive the first payment of the assigned pension twice faster. The new rules took effect in January. According to them, the first pension is paid within seven working days instead of 15 days, as it was before 2022. The period begins on the day the pension is assigned.

The rule applies to both first-time pensions and restoration of pensions. This means that a pensioner who moves to another town will be receiving payments at the new residence address faster.

The Pension Fund has expedited the payment of the first pension as a measure towards better customer service.

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